Team24 Consumer Products Limited reported a net loss of ₹25.9 lakh for the quarter ended June 30, 2026, marking a sharp reversal from the ₹13.6 lakh profit recorded in the same period last year.

The Goa-based consumer goods firm submitted revised unaudited standalone financial results to BSE Limited on September 1, 2026, citing format discrepancies in its earlier filing. The results were reviewed by V C Shah & Co.

Financial Performance

Revenue from operations declined significantly in the current quarter compared to the previous year. Net sales fell 14% year-on-year to ₹47.5 lakh, down from ₹55.5 lakh in Q1FY26. Total income, which includes other income, dropped to ₹55.6 lakh from ₹65.8 lakh.

Expenses rose sharply, driven primarily by higher purchases of traded goods and employee benefits. Purchase of traded goods increased 102% year-on-year to ₹84.5 lakh, while employee benefits expense surged to ₹26.1 lakh from ₹1.9 lakh. Other expenses also climbed to ₹34.3 lakh from ₹8.5 lakh. A credit of ₹63.5 lakh from changes in inventories partially offset these costs.

What the Numbers Show

The divergence between revenue decline and expense growth highlights operational pressure. While net sales contracted by 14%, total expenses expanded by 56%. Specifically, the cost of purchased goods and employee benefits together accounted for the majority of the expense increase, suggesting that the company’s cost structure did not scale down in line with reduced sales volume. This mismatch directly contributed to the swing from profit to loss.

Regulatory and Governance Details

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI Listing Regulations. The Board of Directors approved the results in a meeting held on August 13, 2026. The company operates solely in the trading of goods segment, making operating segment disclosures under Ind AS 108 inapplicable.

Team24 Consumer Products returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹3,054.68 thousand. This marks a significant turnaround from the net loss of ₹25,430.24 thousand recorded in the previous year. Revenue from operations for the year reached ₹15,396.85 thousand, up from nil in the corresponding period last year, driven primarily by net sales of ₹9,847.83 thousand in the fourth quarter.

For the quarter ended March 31, 2026, the company posted a profit of ₹738.05 thousand. In the same quarter of the previous year, the company had reported a profit of ₹27,998.45 thousand, which included exceptional items. Total income for Q4FY26 stood at ₹11,103.67 thousand. The board approved these audited standalone financial results at its meeting held on May 29, 2026.

The company’s expenses for the full year totaled ₹17,006.27 thousand. Key expenditure components included the purchase of traded goods at ₹12,229.99 thousand and employee benefits expenses amounting to ₹1,688.17 thousand. Finance costs were nil for the current year, compared to ₹28.25 thousand in the previous year. The profit before tax for the year was ₹3,130.59 thousand, with a tax expense of ₹75.90 thousand.

The balance sheet as of March 31, 2026, shows total assets of ₹1,34,734 thousand. Cash and cash equivalents decreased to ₹1,19,793 thousand from ₹1,27,559 thousand at the end of the previous year. Trade receivables stood at ₹11,817 thousand, while equity share capital remained unchanged at ₹2,56,500 thousand. The company reported that its operations comprise only the trading of goods.

Financial Performance Summary

M/s V C Shah & Co, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the financial results. The report confirms that the statements give a true and fair view of the company's financial position and comply with the requirements of Regulation 33 of the SEBI Listing Regulations.